LAC - Arcadium Lithium: A Ridiculous Value Play

2024-07-01 14:57:19 ET

Summary

• Arcadium Lithium (formerly Livent) is a revenue-generating company trading at $3.36. It offers a ridiculous amount of value.
• Lithium stocks are currently unpopular due to sector-wide destruction, slow government loans, and economic uncertainties. However, future demand is expected to increase significantly.
• Major companies like Honda, Volkswagen, Panasonic, Asahi Kasei, Rivian, and Toyota are investing billions in EV and lithium technologies.
• Lithium investors are currently despondent and lithium stocks are trading at extreme value levels. A buy and hold strategy could work.

I was looking over lithium ticker symbols last week and ran across a name that I've not looked at in ages, Livent, now called Arcadium Lithium ( ALTM ) (after its merger with Allkem). Arcadium is a great company, it has a lot of revenue, and it is much different than most of the speculative lithium stocks I write about....

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